JEREMY Corbyn is set to announce a 75bn pledge to build 150,000 homes-a-year paid for by taxing Britains highest earners.
The Labour boss is prepared to wage a class war on the countrys wealthy and will tell voters he is on the side of the people.
CLASS WAR
Mr Corbyn and his right-hand man John McDonnell have launched repeated attacks on Britains billionaires this election and intend to tax them to pay for their radical manifesto promises.
Speaking from the launch in Birmingham, Mr Corbyn will say today: They know we will deliver our plans, which is why they want to stop us being elected,
This is a manifesto of hope. A manifesto that will bring real change. A manifesto full of popular policies that the political establishment has blocked for a generation. So I accept the implacable opposition and hostility of the rich and powerful is inevitable.
Today he will vow to fix Britains housing crisis as he launches his partys most left-wing manifesto ever.
He will promise to build another 150,000 council and social homes a year by 2024 the biggest house building programme since 1967.
But controversially, Labour plan to create an English Sovereign Land Trust to buy land at knock-down rates to put the new homes on.
Critics accused Mr Corbyn of adopting the policies of a banana republic which would put off builders and cost jobs.
Land is currently sold at a price which takes into account the value it has with planning permission.
BANANA REPUBLIC
The Trust would be able to demand the land at the far lower price of its current use, for example the standard price of a field.
Mr Corbyn said: I am determined to create a society where working-class communities and young people have access to affordable, good quality council and social homes.
Everyone knows someone affected by the housing crisis. Labour is offering real change to fix it.
Shadow Housing Secretary John Healey added: The next Labour Government will kick start a housing revolution, with the biggest investment in council and social homes seen for decades.
Free market think-tanks said the policy smacks of Venezuelan-style war on property rights.
Matthew Lesh, at the Adam Smith Institute, said: This Christmas the Grinch wont just be stealing your presents, Jeremy Corbyn wants to steal your entire home.
Labours land grab policy is the strategy of a banana republic, perhaps befitting a man who idolises Venezuela.
“The end of secure private property rights would scare away investment and entrepreneurs who create products and hire people.
Dr Kristian Niemietz, of the Institute of Economic Affairs, stormed: The Labour Partys plans to introduce a state-run land trust undermines property rights and would do nothing to solve the housing crisis.
But charity Shelter said Labours plan would be transformational and could help end the crisis.
The manifesto will also see Corbyn and Shadow Chancellor John McDonnell declare class war on ‘bankers, billionaires and the establishment’
